Nupur Recyclers LimitedQ1 FY27 Results & Financial Update

Nupur Recyclers Limited: Q1 FY27 consolidated results and company financials – revenue ₹83.03 Cr, PAT ₹7.39 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: NRLPublished 25 Sep 2026Reported 12 Aug 2026Updated 5 Oct 2026~6 min read
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
Revenue from operations change+56.6%Year-on-year
Profit after tax change+82.6%Profit after tax · year-on-year
EBITDA margin change+402 bpsYear-on-year

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Quarterly Results AnalysisExplore Nupur Recyclers Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Nupur Recyclers Limited reported a strong operating and financial performance for the quarter ended June 30, 2026, supported by higher processing volumes, improved realisations, and contributions from recently commissioned units.

02

The broader industry navigated supply chain headwinds stemming from Gulf shipping corridor disruptions, but the company's established overseas sourcing network across Europe, the USA, and the UAE provided operational resilience.

03

Higher LME metal prices alongside tight domestic scrap supply supported better realisations across the sector, allowing the company to capitalize on favorable pricing conditions.

04

Profitability expansion outpaced top-line growth due to operating leverage as newly commissioned processing facilities scale up and the aluminum extrusion vertical begins contributing meaningfully.

05

Subsidiary operations, including Frank Metals Recyclers and Nupur Extrusion, added meaningful momentum to the group's integrated non-ferrous recycling platform during the period.

01 · Business model

What does Nupur Recyclers do?

Nupur Recyclers Limited operates as a leading importer, trader, and processor of ferrous and non-ferrous metal scrap, encompassing shredded zinc, zinc die-cast scraps, Zurik scrap, and various aluminum scrap grades.

The company serves diverse industrial end-markets including automotive, solar, electrical, and OEM manufacturing through an integrated recycling model spanning multiple subsidiaries and processing facilities.

Nupur Recyclers maintains a long-standing multi-geography sourcing network spanning Europe, the USA, the UAE, and other developed markets to secure steady raw material supply for domestic processing.

02 · Financial snapshot

Current quarter vs the two useful baselines

MetricQ1 FY27Year-agoPrevious quarter
Revenue from operations₹83.03 Cr₹53.03 Cr₹60.47 Cr
EBITDA₹12.86 Cr₹6.08 Cr₹6.83 Cr
Profit after tax₹7.39 Cr₹4.04 Cr₹3.35 Cr
EBITDA margin15.48%11.46%11.29%

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 8.9% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Non-Ferrous Scrap Trading Volumes

Higher trading and processing volumes across non-ferrous scrap categories drove the top-line expansion.

New Facility Contributions

Initial contributions from Frank Metals and the newly operational Nupur Extrusion facility in Haryana added to quarterly revenue streams.

What drove margins

Operating Leverage

Margin expansion reflected benefits from operating leverage as newly commissioned facilities scaled up operations.

Product Mix and Capacity Utilisation

A favorable product mix and improved capacity utilization across processing operations supported a healthier EBITDA margin.

Cost Discipline

Disciplined cost management across sourcing and processing activities contributed to profitability gains.

04 · Demand, customers & order book

Where demand is coming from

OEM and Solar Sector Demand

Nupur Extrusion catered to solar plant manufacturing and OEM customers amid strong secular demand.

05 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Aluminium Value Chain

Subsidiary Frank Metals Recyclers Limited entered the aluminium extrusion business, investing in machinery to build a scalable extrusion vertical.

Extrusion Vertical Operation

Nupur Extrusion Private Limited operated at full capacity from its Haryana facility, supplying solar plant manufacturers and OEM customers.

06 · Capacity, projects & execution

What is being built, commissioned or delivered

Projects, capex and execution

Sampla Facility Construction

Construction of the new 4.5-acre plant in Sampla, Haryana, dedicated to zinc ingots and blended materials, progressed as planned to unlock incremental capacity.

07 · Strategy & new businesses

How the company is trying to change its growth mix

Integrated Platform Expansion

Subsidiaries including Frank Metals Recyclers, Tycod Autotech, Nupur Extrusion, Eligo Business & Advisory, and Nupur Business & Consulting advanced the company's strategy of building an integrated non-ferrous recycling platform.

08 · Reported developments

What changed operationally

Strong Financial Growth

Delivered substantial YoY growth across revenue, EBITDA, and PAT alongside margin expansion.

Successful Facility Ramp-Up

Ramp-up of the Nupur Extrusion facility and ongoing progress at the Sampla plant strengthen the manufacturing footprint.

09 · Beyond the numbers

What changed beyond the numbers

Reported update

Board and Auditor Appointments

The company appointed Mr. Dinesh Kumar as an Additional Non-Executive Independent Director, M/s V Khaitan & Associates as Internal Auditor, and M/s Sudha Baweja & Co. as Cost Auditor for FY 2026-27.

10 · Key Q&A

The quarter, answered directly

What does Nupur Recyclers do?

Nupur Recyclers Limited operates as a leading importer, trader, and processor of ferrous and non-ferrous metal scrap, encompassing shredded zinc, zinc die-cast scraps, Zurik scrap, and various aluminum scrap grades.

What is the clearest takeaway from Q1 FY27?

Nupur Recyclers Limited reported a strong operating and financial performance for the quarter ended June 30, 2026, supported by higher processing volumes, improved realisations, and contributions from recently commissioned units.

What drove revenue or demand?

Higher trading and processing volumes across non-ferrous scrap categories drove the top-line expansion.

What mattered most for margins or profitability?

Margin expansion reflected benefits from operating leverage as newly commissioned facilities scaled up operations.

What changed operationally beyond the headline numbers?

Construction of the new 4.5-acre plant in Sampla, Haryana, dedicated to zinc ingots and blended materials, progressed as planned to unlock incremental capacity.

What should the next disclosure help confirm?

Track the scaling of Frank Metals Recyclers' aluminium extrusion business and its contribution to group revenues.

11 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

12 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Aluminium Extrusion Scaling: Track the scaling of Frank Metals Recyclers' aluminium extrusion business and its contribution to group revenues.

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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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